RetailMeNot (NASDAQ:SALE) has settled into a gain of 3.6% this afternoon after a mixed earnings report where it beat profit expectations but offered light guidance for revenues.

Income dropped slightly (GAAP net income of $0.1M vs. previous $0.3M, and non-GAAP net income of $4.8M vs. previous $6.3M), as did EBITDA, which fell to $9.8M on an adjusted basis from $11.8M. That represented EBITDA margins of 15%.

Revenue by segment: Core, $50.46M; Gift Cards, $14.2M.

It guided to Q4 net revenues of $90M-$98M (light of an expected $99.2M) and EBITDA of $25M-$30M (vs. consensus for $27.8M). For the full year, it forecasts revenues of $273.6M-$281.5M (below consensus for $282.7M) and EBITDA of $56.6M-$61.6M (vs. consensus for $58.7M).

This year's e-commerce boom will also be a net positive for shippers FedEx (NYSE:FDX) and UPS (NYSE:UPS), despite the increasing logistical challenges amid a higher mix of large packages. There's also Wal-Mart (NYSE:WMT) to consider after the company made a dramatic commitment to invest more in e-commerce during an investor meeting a few weeks ago.

The firm has a price target of $9, which was about 20% downside from yesterday's close.

Desktop and mobile visits are likely declining, says analyst Scott Devitt, and they're reducing revenue estimates and core segment operating income estimates for Q3 as well as this fiscal year and next. "Third-party data suggests [quarter-to-date] traffic has deteriorated from recent trends, versus our prior estimates which reflected an uptick from recent trends. Our new estimates are below consensus, though within guidance" for Q3 and fiscal 2016.

The company's moving in the right direction operationally, he notes, but "the path back to sustainable growth remains uncertain at this point and shares are discounting the risks from the transition to mobile." He's assuming core revenue growth of 1% in 2017 and "the recent appreciation in shares is overextended given evidence of weaker current traffic trends and limited 2017 growth expectations."

Website visits were down 7% in total to 152M (mobile up 1.5% to 67.8M; desktop down 13% to 84.3M).

For Q3, it's expecting consolidated net revenues of $61.5M-$69.5M (in line) and EBITDA of $5M-9M (vs. expected $8.9M). For the full year, it's forecasting consolidated net revenues of $275M-$294M and EBITDA of $50M-$61M, both in line with expectations.

RetailMeNot (SALE-3.4%) has acquired a secondary gift-card marketplace, and updated its 2016 guidance after some preliminary Q1 results.

The company has acquired GiftCard Zen for $22M plus an $11M deferred payment contingent on performance targets and retaining a key employee. GiftCard Zen, which resells gift cards at a discount to face value, will continue operating out of Phoenix with its management team reporting to RetailMeNot's Lou Agnese.

For Q1, it expects overall net revenues at $54M-$54.5M, vs. its previous guidance of $49M-$54M and consensus of $52.4M. Net income incorporates an impairment of $832,000 and is expected at -$100,000 to $100,000.

For the full year, RetailMeNot raised guidance for revenue to $228M-$241M (vs. consensus $233.9M), and for EBITDA to $52M-$63M (vs. consensus $56.1M). At the midpoint of guidance, EBITDA margins would be 24.5%.

RetailMeNot (NASDAQ:SALE) has rebounded today (+9%) a day after soft guidance and a revenue miss sent the stock sliding, -27.6%.

The earnings drew predictable reactions from analysts who trimmed their targets on share prices. RBC Capital downgraded the company's stock to Underperform, from Sector Perform, and cut its target to $6 from a previous $12.

Slightly higher targets came from Credit Suisse (cut to $12, from $15) and from Jefferies Group (to $10, from $13). Credit Suisse maintains a Neutral rating on the shares, while Jefferies is sticking with a Buy rating.

RetailMeNot hit a 52-week low of $5.52 yesterday; shares are down 58.9% over the past year.

RetailMeNot (NASDAQ:SALE) is 15.7% lower after a Q4 beat where profits still slipped 36% and which featured guidance for 2016 below analyst expectations.

Of total net revenues that fell 5%: In-store and advertising net revenues were up 57% to $21.7M (26% of total) and mobile online transaction net revenues rose 19% to $9M (11% of total), but the bulk of sales were in desktop online transactions -- 63% of total net revenues, and they declined 21% to $52.4M.

Total website visits were down 5% to 214.8M, and mobile unique visitors were up 9% to 23.2M.

The company guided to current-quarter revenue of $49M-$54M (down 15% at midpoint), below an expected $57M. For the full year, RetailMeNot forecasts revenues of $225M-$240M -- down 7% at the midpoint and below a consensus of $247M.